Kotak Mahindra Bank Q2 cons net up 25% at Rs 433 cr

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Kotak Mahindra Bank Q2 cons net up 25% at Rs 433 cr

Private sector lender Kotak Mahindra Bank has reported consolidated net profit of Rs 433 crore in the second quarter of FY12, a growth of 25% as compared to Rs 346.1 crore in the corresponding quarter of last fiscal.

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Private sector lender Kotak Mahindra Bank has reported consolidated net profit of Rs 433 crore in the second quarter of FY12, a growth of 25% as compared to Rs 346.1 crore in the corresponding quarter of last fiscal.

Consolidated net interest income shot up 31.5% to Rs 959 crore in July-September quarter of FY12 as against Rs 729 crore in same quarter the previous year.

Numbers were in line with estimates - CNBC-TV18 expected net profit of Rs 437 crore and net interest income of Rs 953 crore.

Gross non performing assets (NPAs) stood at 1.38% in the quarter ended September FY12 as against 1.59% in the previous quarter. During the same period, net NPAs declined at 0.46% versus 0.54%.